SB1131: Charlottesville, City of; to establish housing fund to assist low & moderate income persons.

Chief Patron

Sen. Creigh Deeds (D-25)

Creigh Deeds (D-25)
Served: 2001–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

Bill is Dead

View Entire History

Summary

Local housing fund; voluntary coordinated housing preservation and development districts.  Provides that the governing body of the City of Charlottesville may establish by resolution a housing fund, the purpose of which will be to assist for-profit or nonprofit housing developers or organizations to develop or preserve affordable housing for low and moderate income persons. The fund may be used to assist the developer or organization with such items as acquisition of land and buildings, lighting, sanitary and storm sewers, landscaping, walkways, construction of parking facilities, water-sewer hookup fees, and site improvements, including sidewalks, curbs, and gutters but not street improvements. Developers assisted in this manner shall provide a minimum of 20 percent of the units for low and moderate income persons, as defined by the city, for a minimum of 10 years. In addition, the governing body may declare by resolution that a portion of the city is eligible for use of the housing fund by designation of a voluntary coordinated housing preservation and development district.